Charles Schwab authorizes $20 billion stock buyback, declares dividends

(Reuters) -Charles Schwab said on Thursday that its board had authorized a new $20 billion stock repurchase program, replacing the previous authorization.

The company also declared a regular quarterly cash dividend of 27 cents per share on its common stock.

(Reporting by Prakhar Srivastava in Bengaluru; Editing by Mohammed Safi Shamsi)